Senior Finance Analyst - 2201519

Location

Gurgaon | India

Job description

Optum is a global organization that delivers care, aided by technology to help millions of people live healthier lives. The work you do with our team will directly improve health outcomes by connecting people with the care, pharmacy benefits, data and resources they need to feel their best. Here, you will find a culture guided by diversity and inclusion, talented peers, comprehensive benefits and career development opportunities. Come make an impact on the communities we serve as you help us advance health equity on a global scale. Join us to start Caring. Connecting. Growing together. 

Positions in this job family have responsibility for financial accounting (statutory / GAAP Accounting), investment, cost accounting, accounts receivable / payable, etc. This family also includes all positions responsible for financial analysis, budgeting, forecasting, financial planning, audit, tax and treasury, health care economics, and any financial support of a business department, excluding billing, underwriting, actuarial, pricing and network pricing.

Positions in this function generate forecasts and analyze trends in sales, SG&A, provider performance, product line profitability, membership, medical costs, premium yields, and other areas of business. Research economic progressions to assist with the organization’s financial planning. Presents findings and recommendations to management. May include responsibility for budget planning and analysis.

Primary Responsibilities: 

• Candidate should have a good understanding and solid quantitative skills to manage and create meaningful reports from raw extract of the data — the analysis of business and financial metrics (Cost and revenue per unit per fte; productivity calculations /Volumes and rate variances) as well as good understanding on the Operational metrics (occupancy; shrinkage attrition and its financial impacts)
• Report out accurately the Revenue projections at the level of process based on discussions with Operating leaders and trends on growth and revenue
• Sound and Deep understanding on all the possible P&l Line items on Revenue and Cost sides ( what are the components of revenue -standard overtime pass thru) AND identify and report out all the  Cost line items (worksforce cost infrastructure cost  IT chargebacks etc) and possible  levers to optimize cost
• Understanding on the prevalent pricing models in Service industry and able to drive the model transformation initiatives from FTE to value based pricing models (know the key drivers pros and cons of different models example per hour model vs per transaction model vs outcome based gain share model)
• Develop and maintain financial reports to clearly communicate and analyse actual results, forecasted performance; and variances to plan, forecast and budget
• Work closely with the business leaders to develop, recommend and establish strategies, plans and processes to improve profitability and cost efficiencies
• Should be highly flexible to turnaround adhoc reporting request in clean format for management view on FTEs; revenue by service category
• Should be able to understand the impact of Macro factors with a logical reasoning example impacts of Fx on financials (revenue and cost)
• Uses pertinent data and facts to identify and solve a range of problems within area of expertise
• Investigates non-standard requests and problems, with some assistance from others
• Should be able to Prioritizes and organizes own work to meet deadlines at short notice
• Comply with the terms and conditions of the employment contract, company policies and procedures, and any and all directives (such as, but not limited to, transfer and/or re-assignment to different work locations, change in teams and/or work shifts, policies in regards to flexibility of work benefits and/or work environment, alternative work arrangements, and other decisions that may arise due to the changing business environment). The Company may adopt, vary or rescind these policies and directives in its absolute discretion and without any limitation (implied or otherwise) on its ability to do so 

Required Qualifications: 

• Demonstrated ability to know where to obtain all relevant data and uses financial reporting software to efficiently meet the reporting needs of management (understanding on Peoplesoft would be plus)
• Demonstrated ability to produce clear, well-formatted reports that communicate a clear, compelling message
• Demonstrated ability develop, performs, and manages all aspects of financial planning, budgeting and forecasting
• Demonstrated ability develop, performs, and manages analyses of business / financial metrics and performance measures 
• Demonstrated ability to balance the needs of business, segment, and enterprise constituencies (e.g., triaging requirements)
• Demonstrated ability to develop and maintains financial reports to clearly communicate actual results, forecasted performance, and variances to plan, forecast and budget 
• Demonstrated ability to work closely with the business to develop, recommend and establish strategies, plans, and processes to improve profitability and cost efficiencies 

At UnitedHealth Group, our mission is to help people live healthier lives and make the health system work better for everyone. We believe everyone–of every race, gender, sexuality, age, location and income–deserves the opportunity to live their healthiest life. Today, however, there are still far too many barriers to good health which are disproportionately experienced by people of color, historically marginalized groups and those with lower incomes. We are committed to mitigating our impact on the environment and enabling and delivering equitable care that addresses health disparities and improves health outcomes — an enterprise priority reflected in our mission. 

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